List Who Is Responsible for Each of the Variances Listed

question 6

Essay

List who is responsible for each of the variances listed below. Where there might be more than one person state each. Comment on any interaction between the variances.
1 Unfavourable material quantity
2 Unfavourable material price
3 Unfavourable labour rate
4 Unfavourable labour efficiency

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Definitions:

Warranty Work

Warranty work involves repairs or replacements offered at no charge, covered under a product's warranty period to correct defects or malfunctions.

Estimated Expense

An anticipated or projected cost expected to be incurred in the future.

Sales Price

The selling price set for a service or product aimed at consumers.

Contingent Liabilities

Potential liabilities that may occur depending on the outcome of a future event or set of circumstances.